Topics covered:
1) 0:00 Announcements
2) 1:00 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000)
3) 15:50 Stock Review – Mega Caps: AMZN, MSFT, AAPL, TSLA, SHOP, NFLX, QQQ (ETF)
4) 18:40 Stock Review – Software: CRWD, ZS, OKTA, DDOG, FSLY, NET, APPN, BILL
5) 20:50 Stock Review – Semiconductors: FORM, AMD, NVDA, TER, SMH (ETF)
6) 22:20 Stock Review – Medical Products/Biotech: ADPT, IDXX
7) 23:55 Stock Review – General Ideas/Commentary: ETSY, PYPL, SQ, SNAP, AN, CHGG, FND, JD, LAD, SE, VIPS, CHWY
8) 28:20 Current Setups – TSEM, HALO, INMD, COHU
9) 33:40 Conclusion/Summary

Market Summary:
If you did well this year, congrats! This is just a reminder to stay focused, stay humble, keep working hard, and stick to your discipline. Also, keep your expectations realistic for 2021. While I expect another strong year for the markets, remember that 2020 was not a normal year and to maintain a level-headed approach into the new year. If you struggled in 2020, don’t beat yourself up. Do post analysis of your work and be honest with yourself. I find that most people struggle for two reasons: fear and their mind isn’t clear. If you had difficulties because of fear, start with smaller positions because you eventually need to build that muscle to overcome your fears. If your mind isn’t straight because of personal problems, work on fixing those first before you trade. You can’t approach anything in life without a clear head, especially trading. That’s why I spend the first part of the Educational Videos on maintaining a strong mindset and building your confidence. If you need to take some time off, there’s nothing wrong with doing so and coming back to the markets with a healthier state of mind.

I can make a case for the markets continuing higher in January. I can also make an argument for a pullback. I discuss the reasons for both in this video. The way I reconcile this scenario is to meet halfway. In other words, your investment level doesn’t have to be all or nothing. For example, there’s nothing wrong with being 50% invested. That way, if the market goes higher you can hopefully participate, and if the market goes lower, you hopefully won’t get hit too bad and also have some cash to put to work during the pullback. In my Tuesday update, I mentioned that I lowered my exposure to around 30%. During the second half of last week, I increased it back up to approximately 60%. I’m still not finding tons of setups, but I am finding some decent pullback buys. As always, the decisions you make and your overall investment exposure should be based on your own timeframe and risk tolerance. Enjoy the rest of your holiday weekend and see you Sunday, January 3rd at 7PM EST for the next webinar.

Unusual Option Activity
12/31/20 Apple (AAPL) opening sale 5000 January 29th (W) $130 puts for $4.45
12/31/20 CrowdStrike (CRWD) buyer 700 July $220 calls for $32.70 as January $180 adjusted, also 500 of the July $300 calls sold
12/31/20 Ring Central (RNG) with 400 April $320 puts sold to open $14.20 to $13.80
12/31/20 Qualcomm (QCOM) with 1000 July $145 puts sold to open $14
12/31/20 Qualcomm (QCOM) also with 1000 July $155 calls being bought $14.75 to $15.35
12/31/20 Pinterest (PINS) with 1000 June $65 puts sold to open for $11.60
12/31/20 Micron (MU) with 1000 February $75 calls bought $4.50+ after size buying last few weeks.
12/31/20 Micron (MU) also an opening sale 1500 February $70 puts for $3.10
12/31/20 Snap (SNAP) early buys of 4400 January $52 calls $1.07 to $1.10
12/31/20 Snap (SNAP) also with 14,000 January $47.50 puts being sold to open
12/31/20 Google (GOOG) early buy of 100 August $1740 calls at $175.20
12/31/20 Crispr Therapeutics (CRSP) large bull spread sold 2000 July $120 puts to buy 2000 of the $170/$220 call spreads
12/31/20 Axon (AAXN) buyer 300 January 2022 $160 OTM calls $14 to $14.20
12/30/20 Sea Limited (SE) with a $3M buy of 500 January 2023 $200 calls $60 to $61
12/30/20 Microsoft (MSFT) buyer 1900 September 2021 $275 calls for $6.17
12/30/20 NVIDIA (NVDA) 2000 September $450 calls open $111.20 as the June $430 adjust
12/30/20 Pinterest (PINS) with 15,000 February $70 calls bought yup to $6.90, look to be reopening a trade closed a few days ago that avoided the pullback
12/30/20 Appian (APPN) buyer of 500 February $175/$210 call spreads
12/30/20 Uber (UBER) bullish positioning continued with 4500 February $60 calls attracting buyers in the opening hour
12/30/20 Pinduoduo (PDD) buyer 1300 January $195 calls for $3 as the $175 calls adjust up into strength
12/30/20 Taiwan Semi (TSM) buyer of 1500 January $116 calls $1.40 offer to open
12/30/20 Freeport (FCX) with a big breakout and 15000 February $29 calls are bought as the $26 calls adjust up
12/30/20 NovoCure (NVCR) spread adjusted 1000 January $135 calls to 1000 June $150 calls that bought $42.70.
12/30/20 Square (SQ) with 2000 January 2022 $220 calls bought in spreads with the $330 calls
12/30/20 Visa (V) buyer 1000 June $260 OTM calls $3.70 to $3.80 offers
12/30/20 Zillow (Z) opening sale 2500 January 2022 $120 puts for $22.15 into afternoon weakness, common strategy in it recently
12/30/20 First Solar (FSLR) buyer 650 June 2021 $100 calls to open $14.40 to $14.60
12/30/20 Tesla (TSLA) February $730 calls active 5000X with buyers as the $650 calls adjusted.
12/30/20 Tesla (TSLA) also 9000 January $730 calls bought to open as the $700 calls adjust.
12/30/20 Tesla (TSLA) some bear flow as well with 1000 June $800 puts bought $201.40.
12/30/20 Tesla (TSLA) also with 2400 February $690/$640 bull put spreads opening and 1000 March 2023 $650 calls opening for $26.5M.
12/30/20 Tesla (TSLA) also saw a combined 20,000+ January 2022 $1200, $1225, $1250, $1275, and $1300 calls trade with buy-side flow.